Answers
Answer:
45%
Explanation:
The computation of the gross profit percentage is shown below:
As we know that
Gross profit percentage = Gross profit ÷ Sale revenue × 100
where,
Gross profit is
= Sales revenue - the cost of goods sold
= $1,800,000 - $990,000
= $810,000
And, the sales revenue is $1,800,000
So, the gross profit percentage is
= $810,000 ÷ $1,800,000
= 45%
Hence, the gross profit percentage is 45%
Related Questions
which of the following is a good habit to protect your checking account information
Answers
Answer:
Here's a few
Explanation:
Use unique passwords for every account. You probably know that having a strong password is important.
Leverage two-factor authentication.
Be cautious of public Wi-Fi.
Update and patch your software regularly.
Install ad blockers.
Utilize features and tools provided by your bank.
Broward Manufacturing recently reported the following information: Net income $384,000 ROA 10% Interest expense $126,720 Accounts payable and accruals $1,000,000 Broward's tax rate is 25%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, and 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Do not round intermediate calculations. Round your answers to two decimal places.
Answers
Answer:
a. Basic earning power (BEP) = 16.63%
b. Return on equity (ROE) = 26.67%
c. Return on invested capital (ROIC) = 16.87%
Explanation:
From the question, we have the following:
Net income = $384,000
ROA = Return on Asset = 10%
Interest expense = $126,720
Accounts payable and accruals = $1,000,000
Tax rate = 25% = 0.25
Common equity finance percentage = 60%
Debt finance percentage = 40%
From the above, we have:
Total assets = Net income / ROA = $384,000 / 10% = $3,840,000
Net total assets = Total assets - Accounts payable and accruals = $3,840,000 - $1,000,000 = $2,840,000
Common equity = Net total assets * Common equity finance percentage = $2,400,000 * 60% = $1,440,000
Debt = Net total assets * Debt finance percentage = $2,400,000 * 40% = $960,000
Earning before tax = Net income / (1 - Tax rate) = $384,000 / (1 - 0.25) = $384,000 / 0.75 = $512,000
Earning before interest and tax = EBIT = Earning before tax + Interest expense = $512,000 + $126,720 = $638,720
We then proceed as follows:
a. Calculation of basic earning power (BEP)
This can be calculated using the following formula:
BEP = EBIT / Total assets = $638,720 / $3,840,000 = 0.166333333333333 = 0.1663, or 16.63%
b. Calculation of return on equity (ROE)
This can be calculated using the following formula:
ROE = Net income / Common equity = $384,000 / $1,440,000 = 0.266666666666667 = 0.2667, or 26.67%.
c. Calculation of return on invested capital (ROIC)
This can be calculated using the following formula:
ROIC = (EBIT * (1 - Tax rate)) / (Common equity + Debt) = ($638,720 * (1 - 0.25)) / ($1,440,000 + $960,000) = ($638,720 * 0.75)) / $2,840,000 = $479,040 / $2,840,000 = 0.168676056338028 = 0.1687, or 16.87%
Identify the major advantages of automated materials handling systems versus manual or nonautomated systems.
Answers
Automated materials handling systems offer several advantages over the manual or non-automated systems, including Increased efficiency, Improved safety, higher throughput and better inventory control.
What is efficiency?Efficiency refers to the ability to achieve maximum output with minimum input, thereby minimizing waste and maximizing productivity. It is a measure of how well resources are utilized to achieve a specific goal. In the context of business, efficiency can be applied to various areas, such as production, logistics, and customer service. Improving efficiency can lead to increased profits, reduced costs, and improved customer satisfaction. Various techniques can be used to improve efficiency, such as automation, streamlining processes, and improving communication and collaboration between team members. Ultimately, achieving high efficiency requires a focus on continuous improvement and a willingness to adapt to changing circumstances and new technologies.
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Icarus Airlines is proposing to go public, and you have been given the task of estimating the value of its equity. Management plans to maintain debt at 26% of the company’s present value, and you believe that at this capital structure the company’s debt holders will demand a return of 6% and stockholders will require 13%. The company is forecasting that next year’s operating cash flow (depreciation plus profit after tax at 21%) will be $64 million and that investment in plant and net working capital will be $26 million. Thereafter, operating cash flows and investment expenditures are forecast to grow in perpetuity by 4% a year. a. What is the total value of Icarus? (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole dollar amount.)
Answers
The total value is $554.7
The company's equity is $410.5
What is a Company's Equity?Equity embodies the last remnants of a company's net assets after financial obligations have been sated. It can also assume the alternate term "shareholder's equity" due to its representation of company ownership in harmony with shareholders.
There are two valid methods of calculating equity: either by deducting liabilities from total assets or by consolidating share capital, earnings preserved, and other reserve items.
Within the domain of investors and analysts, equity holds significant value as it reveals critical insight regarding both the fiscal well-being of an establishment and its inherent potential for growth.
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T/F unde rthe feha, an aplicant for employment cannot be unlawfully harassed by an employer because they do not yet work for the employer
Answers
False. Title VII of the Civil Rights Act of 1964 and the Fair Employment and Housing Act (FEHA) in California protect individuals from unlawful harassment regardless of their current employment status.
This means that applicants for employment are protected from harassment based on a protected characteristic such as race, color, religion, sex, national origin, or any other characteristic protected by law. Harassment can take many forms, including verbal or physical abuse, offensive jokes, or slurs, and can create a hostile work environment. Employers are responsible for maintaining a workplace free of harassment and discrimination and must take appropriate steps to prevent and address such behavior if it occurs.
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Number of WorkersUnits of Output 00 110 290 3126 4150 5165 6180Refer to above data. Diminishing marginal returns become evident with the addition of the: Group of answer choices fourth worker. second worker. third worker. sixth worker.
Answers
Answer:
The answer is "The third worker".
Explanation:
Please find the correct question in the attachment file.
\(\text{Number of Workers}\) \(\ Units \ of \ Out-put\) \(\text{marginal Product}\\\\\) \(1\ \ \ \ \ \ \ \ \ \ \ \ \ \ 40\ \ \ \ \ \ \ \ \ \ \ \ \ \ 40 \\\\2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 90 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 50\\\\ 3 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 126 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 36\\\\ 4 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 150\ \ \ \ \ \ \ \ \ \ \ \ \ \ 24\\\\ 5 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 165 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 15\\\\ 6\ \ \ \ \ \ \ \ \ \ \ \ \ \ 180\ \ \ \ \ \ \ \ \ \ \ \ \ \ 15\)
from 50 units down to 36 units.
BE 25-1 Lease or sell
Obj. 1
Plymouth Company owns equipment with a cost of $600,000 and accumulated depreciation
of $375,000 that can be sold for $300,000, less a 4% sales commission. Alternatively, Plymouth
Company can lease the equipment for four years for a total of $320,000, at the end of which
there is no residual value. In addition, the repair, insurance, and property tax expense that
would be incurred by Plymouth Company on the equipment would total $40,000 over the
four-year lease. Prepare a differential analysis on August 7 as to whether Plylmouth Company
should lease (Alternative 1) or sell (Alternative 2) the equipment.
Answers
Plymouth Company should sell the equipment as net gain from selling is $8000.
a) Differential AnalysisLease Equipment (Alt. 1) or Sell Equipment (Alt. 2)
August 7
Lease
Equipment
(Alternative 1) Sell
Equipment
(Alternative 2) Differential
Effects
(Alternative 2)
Revenues $320000 $300000 -$20000
Costs -40000 -12000* 28000
Profit (Loss) $280000 $288000 $8000
*300000*4%
b) Plymouth Company should sell the equipment as net gain from selling is $8000.
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3. How would you evaluate IMAX's international expansion to date?
Answers
Answer:
yes
Explanation:
yes
The best evaluation of the expansion of the IMAX is that there is a faster spread of the business internationally than domestically.
What is a Business Expansion?This refers to the period of growth peak when a business has to seek extra options to develop and generate more profit.
Hence, we can see that from the expansion of IMAX, there is the creation of more theatres in India as they have entered a business partnership with Inox to bring the total number of contracted theatres in India to 40
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Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $625,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $32,000 at the beginning of 2021 and $21,000 in receivables were written off during the year as uncollectible. Also, $1,200 in cash was received in December from a customer whose account previously had been written off. The company estimates bad debts by applying a percentage of 10% to accounts receivable at the end of the year.
Required:
Prepare journal entries to record the write-off of receivables, the collection of Sl,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.
Answers
Answer and Explanation:
The journal entries are shown below:
Allowance for uncollectible accounts $21,000
To Account receivable $21,000
(being written off is recorded)
Account receivable Dr $1,200
To Allowance for uncollectible accounts $1,200
(Being written back of receivable is recorded)
Cash Dr $1,200
To Account receivable $1,200
(being cash received is recorded)
Bad debt expense $50,300 ($32,000 - $21,000 + $1,200 - $625,000 × 0.10)
To Allowance for uncollectible accounts $50,300
(being the bad debt expense is recorded)
Connect information which relates.
Inside-out perspective Choose..
competitive intelligence
the organisation's goals and values
the resources and capabilities to achieve competitive advantage
the industry environment
Answers
Competitive intelligence bridges the gap between the organization's goals and values, the industry environment, and the resources and capabilities necessary to gain a competitive edge. The correct option is a.
Competitive intelligence plays a crucial role in connecting the organization's goals and values with the industry environment and the resources and capabilities required to achieve competitive advantage. Competitive intelligence involves gathering and analyzing information about competitors, market trends, and customer preferences to gain insights and make informed business decisions.
By understanding the industry environment through competitive intelligence, organizations can identify opportunities and potential threats. This knowledge helps align the organization's goals and values with the external factors impacting its success. For example, if the industry is shifting towards sustainable practices, an organization that values environmental responsibility can leverage this trend to enhance its competitive position.
Furthermore, competitive intelligence helps identify the resources and capabilities needed to achieve competitive advantage. It provides insights into the strengths and weaknesses of competitors, allowing organizations to benchmark their own capabilities and identify areas for improvement. This knowledge can guide strategic planning and resource allocation, ensuring that the organization aligns its resources with its competitive goals. The correct option is a.
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A company had net income of $43,000, net sales of $380,500, and average total assets of $220,000. Its profit margin and total asset turnover were, respectively:
a. 11.3%; 1.73
b. 11.3%; 19.5
c. 1.7%; 19.5
d. 1.7%; 11.3
d. 19.5%; 11.3
Answers
Answer:
11.3%, 1.73
Explanation:
Net income= 43,000
Net sales= 380,500
Total assests= 220,000
Therefore profit margin can be calculated as follows=
Net income/sales
= 43000/380,500
= 0.113×100
= 11.3%
Total assets turnover can be calculated as follows
= 380,500/220,000
= 1.73
the Hence profit margin is 11.3% and total assets turnover is 1.73
Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?
Answers
Credit for Paid-In Capital, in Surplus of Stated Worth for $450, $50 toward Common Stock, and $500 toward Cash.
Why do you use the term "Common Stock"?A form of business equity and a kind of security is common stock. Within the borders of the United States, the words vote share and common share are widely used. In the UK as well as other Commonwealth nations, they are referred to as share capital or ordinary shares. A investor holds 1% of the company if they hold shares of a company of the ordinary stock. This investor will receive $100 (1,000 units X $0.10) in dividends if the company declares a $0.10 per share dividend.
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The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Answers
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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What can HR professionals do to mitigate concerns about pregnancy discrimination in the workplace? What does the law say companies need to do to avoid violating the rights of pregnant employees?
Answers
With our combined efforts as one HR, there is no cause we cannot influence. Knowing the law and interacting with expectant women are the greatest ways to stop pregnancy prejudice.
Employers place a high premium on discouraging pregnancy prejudice. The Pregnancy Discrimination Act of 1978's new EEOC rules have made it a particularly controversial topic in today's society. The best thing you can do to defend yourself in court is to train all managers or supervisors, but especially those who are directly in charge of supervising workers.
When you learn that a coworker is pregnant, you must show her respect and use caution. You should merely express gratitude to the worker for informing you. Offer pregnancy prejudice your support and assure her that, if necessary, you would make accommodation's that are reasonable in nature for her.
Never indicate that an employee's pregnancy is a burden on the company, and neither should your supervisors. Before approaching a pregnant employee, ask a member pregnancy prejudice of your human resources team any questions you may have about what to ask or not ask.
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What is the share price when the price-to-earnings (P/E) multiple of a comparable company is 6.5?
Answers
The price-to-earnings ratio is a valuation ratio that compares a company's current share price to its earnings per share (EPS).
What is the price-to-earnings ratio?Investors and analysts use P/E ratios to determine the relative value of a company's shares in an apples-to-apples comparison.
It can also be used to compare a company to its own past performance or to compare aggregate markets to one another or over time.
To calculate the P/E ratio, simply divide the current stock price by the earnings per share (EPS). Although the current stock price (P) may be obtained by simply entering a firm's ticker symbol into any finance website, the EPS is a bit more ethereal metric.
Note that the information is incomplete and an overview was given.
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1. Concave Systems presently has earning interest and taxes of
$6 million. Its interest expenses are $1,000,000 a year, and it
pays $600,000 in annual dividends to its shareholders. Concave
has 300, 000 common shares outstanding, and its tax rate is 40
percent. Its annual capital expenditures are $900,000. Concave's
present priceto-earning ratio is 8.
a. Calculate the company's earnings per share and interpret.
b. Calculate the company's dividend payout ratio and interpret. 目
c. Calculate the company's dividend yield and interpret.
Answers
The company's earnings per share is 20, dividend payout ratio is 0.1 and dividend yield is 1.25.
What is Dividend payout?The dividend payout is the ratio between dividend per equity share and earning per equity share.
Earning per share = Earning net interest and tax/ Number of shares outstanding
= $6,000,000/3,00,000
= 20
Dividend per share = Total Dividend/ No of shares
= $600,000/300,000
= $2
Dividend payout ratio = Dividend per share/Earning Per Share
= $2/20
= 0.1
Market value per share = P/E Ratio × Earning per share
= 8 × 20
= $160
Dividend Yield = Dividend per share/ Market Value Per Share
= $2/$160×100 = 1.25
Therefore the earning per share indicates the earnings of the company is attributable to the equity shareholders. The company's dividend payout ratio and dividend yield ratio indicate the percentage of earnings paid to shareholders via dividends.
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The City of Park Ridge reported appropriations in the amount of $40,000,000 for its General Fund for the fiscal year ended December 31, 2020. During that year, expenditures amounted to $37,900,000 (related to current year purchase orders that have been filled). In addition, $1,600,000 in encumbrances had been issued this year, but not filled. The amount that Park Ridge would report for expenditures (and encumbrances, if applicable) in its 2020 General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances (GAAP Basis) would be:
Answers
Answer: $37,900,000
Explanation:
Encumbrances simply means the money that is saved or reserved in order to use it for a particular thing.
The amount that Park Ridge would report for expenditures (and encumbrances, if applicable) in its 2020 General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances (GAAP Basis) would be $37,900,00.
This is because we are informed that during that year, the expenditures of $37,900,000 which related to the current year purchase orders that have been filled.
Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
Answers
The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
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Which of the following best summarizes a basic difference between mWhich of the following best summarizes a basic difference between market economies and centrally- planned economies?A market economy has a "more equal" distribution of resources than a centrally-planned economy.Centrally-planned economies rely more on self-interest and prices to allocate resources than market-based economies.Self-interest and prices serve to allocate resources in a market economy while a central planner typically attempts to allocate resources in a centrally-planned economy.The government plays a larger role in a market economy than in a centrally-planned economy.arket economies and centrally- planned economies?
Answers
the following best summarizes a basic difference between market economies and centrally- planned economies : Self-interest and prices serve to allocate resources in a market economy while a central planner typically attempts to allocate resources in a centrally-planned economy.
A centrally planned economy, also known as a command economy, is one in which the government determines the price and allocation of resources, goods, and services rather than autonomous agents, as in a free market economy.
Central edicts and rationing allocate resources in a planned economic system. Planned economies are typically run by a government that determines what should be produced through edicts issued by figures in power or by a committee.
The central government makes every decision about the manufacturing and consumption of products and services in a centrally planned economy. Individuals make economic decisions in a market economy, which is based on interaction, or trade.
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Daily demand for a product is 170 units, with a standard deviation of 30 units. The review period is 20 days and the lead time is 6 days. At the time of review there are 40 units in stock.
If 98 percent service probability is desired, how many units should be ordered?
Answers
Answer:
4,693.58 units
Explanation:
The computation of the number of unit to be ordered is shown below:
But before that we need to find out the standard deviation of review period and the lead time which is shown below:
\(\sigma (T+L) = \sqrt{(T+L) \sigma^{2} }\)
\(= \sqrt{(20+6)30^{2} }\)
= 152.97
Now the number of units to be ordered is
\(Q = D(T+L) + Z (\sigma ) - I\)
where,
T = Review period
L = Lead time
D = daily demand
I = Inventory
Z = service probability
Now placing these values to the above formula
So,
= 170 units × (20 + 6) + 2.05 × 152.97 - 40 units
= 4,420 units + 313.58 - 40 units
= 4,693.58 units
The 98% service probability is 2.05 and the same is to be considered
rong 200 từ hoặc ít hơn, hãy giải thích một trường hợp sử dụng phân tích lợi ích – chi phí để ra quyết định mà bạn quan sát được trong cuộc sống
Answers
say wHaT?! I don't know what that meanss
will giving up fix the first man's problem? or make it worse?
make it worse
fix it
Answers
giving up will make the problem worse
During May, 2021, Breakfront Corporation announced a 2-for-1 stock split. This brought the number of shares outstanding from 25,000,000 shares to _____ shares, and its $2.00 par value to _____ per share.
Answers
Answer:
50,000,000 shares. $1.00 per share.
Explanation:
A 2:1 split doubles the shares and halves the value.
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
Answer : 50,000,000 shares. $1.00 per share.
A 2:1 split doubles the shares and halves the value.
How do you determine the price per share?Take a company's net income and deduct preferred dividends to get earnings per share. Subtract that sum from the typical number of outstanding ordinary shares.
For instance, if you decide to set the par value of your company's shares at $1, all stock buyers are required to pay a minimum of this sum for each share they buy. If you buy 10,000 shares, you must invest at least $10,000 to do so.
Gains Margins : Day traders experience a wide range of outcomes, which are mostly influenced by the amount of capital they are willing to risk and their money management prowess. A successful day could result in a gain of 5%, or $500, on a $10,000 trading account.
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Which of the following are examples of career clusters? Select all that apply. PLEASE HURRY
Answers
Answer:
E, C, B
Explanation:
Those seem like they'd be Carrer clusters
Most people in the US own stocks or bonds primarily through
Answers
Answer:
There 401k or other retirement accounts
Explanation:
most people are provided these through there jobs and are provided so they do not have to do any research themselves
A student purchases a concert ticket for $50. Before entering the concert, the student is offered $75 for the ticket. If the student decides to keep the ticket and attend the concert, the opportunity cost is:
Answers
Answer: $75
Explanation:
The opportunity cost is the amount that you stand to lose if you do not take the next best alternative to your current course of action.
In this scenario that next best alternative is selling the ticket for $75 so this is the opportunity cost.
The $50 that was spent to buy the ticket is a sunk cost which means that it has already been incurred so it will not be accounted for in the opportunity cost analysis.
Answer:
75
Explanation:
just cause
Who would you consider society's stakeholders.
Answers
Society's stakeholders encompass diverse individuals, groups and entities who have a vested interest in the well-being, progress and outcomes of a community.
The stakeholders include citizens as the foundation of any society with their collective aspirations and needs shaping the social fabric. Government plays a crucial role as elected representatives responsible for enacting laws and policies for the greater good.
Businesses drive economic growth provide jobs and produce goods and services that meet societal demands. Non-profit organizations address social, environmental and humanitarian issues, striving to create positive change.
Academia advances knowledge, critical thinking and innovation for societal progress. The environment with its ecosystems and biodiversity represents a fundamental stakeholder is essential for sustainability and human well-being.
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You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.
PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior
DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility
Answers
The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.
Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.
As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.
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There are three different types of business ownerships: Sole Proprietorship, Partnerships and Corporations. Explain why different types of businesses exist, and why a business might choose one type of ownership over the other
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Different types of businesses exist to accommodate varying needs, goals, and circumstances of entrepreneurs and business owners. The choice of business ownership is influenced by several factors, including liability, taxation, management structure, and long-term business objectives.
Sole Proprietorship:
A sole proprietorship is the simplest form of business ownership, where a single individual owns and operates the business. This type of ownership may be preferred for the following reasons:
Ease of formation: Sole proprietorships are easy and inexpensive to set up compared to other types of ownership structures.
Complete control: The owner has full control over decision-making and business operations.
Tax advantages: Sole proprietors can benefit from certain tax advantages, such as reporting business income on their personal tax return and potentially offsetting losses against other income.
Partnerships:
Partnerships involve two or more individuals who come together to carry out a business venture. Partnerships offer the following advantages:
Shared responsibility and expertise: Partners can contribute different skills, resources, and expertise to the business.
Shared risk and liability: Partnerships distribute the business's risks and liabilities among the partners, which can provide a level of protection for individual partners.
Flexibility: Partnerships can be relatively easy to establish and dissolve, providing flexibility for collaboration on specific projects or ventures.
Corporations:
Corporations are separate legal entities distinct from their owners/shareholders. They are often chosen for the following reasons:
Limited liability: Shareholders' personal assets are generally protected from the corporation's debts and liabilities, limiting personal risk.
Access to capital: Corporations can issue shares of stock to raise funds and attract investors. This makes it easier to access capital for growth and expansion.
Perpetual existence: Corporations can continue to exist even if the ownership or management changes, providing stability and continuity.
It's important to note that each business structure has its own advantages and disadvantages, and the choice depends on the specific circumstances, goals, and preferences of the business owners. Consulting with legal and financial professionals can help entrepreneurs make informed decisions about the most suitable business ownership structure for their particular situation.
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Bronco consulting statement of Cash Flows for the Month Ended August 31,
Cash flows from (used for) operating activities:
Cash received from customers
✓
Cash paid for expenses and to creditors
Net cash flows used for operating activities
Cash flows from (used for) investing activities
Cash flows from (used for) financing activities:
Cash received from issuing common stock
Cash paid for dividends
Net cash flows from financing activities
Net increase in cash
Cash balance, August 1, 20Y1
Cash balance, August 31, 20Y1
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Bronco consulting statement of Cash Flows for the Month Ended August 31, Cash flows from (used for) operating activities are:
Bronco Consulting
Statement of Cash Flows
For the Month Ended August 31, 20Y1
Amount($) Amount($)
Cash flows from operating activities:
Cash receipts from customers 31,540
Cash payments for expenses and payments to creditors(Working note) -29,060
Net cash flow used for operating activities 2,480
Cash flows from investing activities -
Cash flows from financing activities:
Cash received from issuing common 32,180
Cash paid for dividends -8,000
Net cash flow from financing activities 24,180
Net increase in cash 26,660
Cash balance, August I, 20YI -
Cash balance, August 31, 20YI 26,660
Working note
Rent expense 8,700
Auto expense 4,180
miscellaneous expense 1,930
Salaries expense 12,900
total expense 27,710
Accounts payable 1,350
Total cash payment for an expense
& creditors thus is 29,060
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